Shorting is simple.
If the buy wall is at 154 and the sell wall is at 156
Place a buy order for 500 BitUSD at 155 (don't hit confirm)
Place a short order for 500 BitUSD at 155 (don't hit confirm)
Now hit confirm on both orders and wait for them to fill each other
sell your BitUSD and you are now short.
Do this every 30 days to roll your position over.
Because so many people got burned on the 30 day rule expiring on them, they are gun shy. But when the 2.0 launches, then everybody will be doing it, because it will be easier, so by then it will be too late to short at these prices.
i do this regularly and roll over shorts every couple weeks.
the voting buttons up top on this thread should include an option for 'Actively shorting bitUSD' so we could get a feel for what % of us are active in the market providing liquidity. i am and will keep shorting bc i am convinced BTS will rally hard at some point.
I just tried it. I create a buy order and a short order slightly above the wall, hit confirm at the same time.
After that, I sold the BitUSD at the wall price. Doing that I'm short but I loose a something like 0.5% on the moment, right ?
Et voilà, I'm short.
I didn't tried the roll over yet but if I understand it well, I will be doing the same but instead of selling the BitUSD I will use them to cover my old shorts (ex : 3.5 weeks old).
If I'm short with the maximum bts I can (keeping enought to rolll over), then I will be able to roll over and over and over but I won't be able to cover and have my bts untill we start having some serious liquidity, right ?
Anyone knows what will happen with shorts during the transistion to 2.0 ?